The share price of Sky PLC spiked as much as 30% earlier today as news broke out about a potential takeover from 21st Century Fox. Fox already holds 39% of Sky PLCs shares and a preliminary deal has now been reached for Fox to purchase the remaining stake at £10.75 per share. Sky currently operates in five ...

The beginning of October saw Gold making a bearish break of the descending triangle following positive data from the US to support a December rate hike. Since then, Gold has slowly retraced and is now hovering around the 200 day moving average. As India begins its Diwali festival and continues through the wedding ...

AUDUSD has been trading within an ascending triangle for the majority of this year and a breakout is expected within the next two weeks. With the US Dollar hitting nine month highs earlier this week, a December rate hike is strongly expected which would strengthen the greenback further. Meanwhile, the pressure of a ...

Copper Weekly – At the beginning of 2011, Copper made a directional change and has fallen more than 50% to date. However, with the copper demand growing, the commodity could be ready to make its next directional change in the coming months. China, the largest consumer of copper, is seeing its economy stabilising ...

AUDJPY Daily – Since late November 2015, AUDJPY has been trading within a downwards channel. As we head towards the final quarter of 2016, investors will be focussing on the decisions of the Reserve Bank of Australia and the Bank of Japan who could both cut rates even further. Earlier this week, the RBA chose to ...

NZDJPY Daily – Since the start of 2016, this pair has entered a downwards trending channel which it has followed well. Recently, it tested the bottom of the channel but was unsuccessful in breaking out and is now heading towards the top of the channel which is crossing over with the 78.6% Fibonacci level. This ...